AUDUSD - Bullish Week Ahead
Updated
Currently the price is resting in an important support, which has prove to be a strong support for a while now. Checking the Weekly and Monthly chart you will see that there are very few instants that broke this support area.
Considering the The US dollar is going to remain soft due to the fact that the Federal Reserve as of late has adopted a loose monetary policy, we can expect the price to test support between 0.70000 and 0.68000. So I suggest you hold until you get clear sign that the price has broke the 38.20% support.
Considering the The US dollar is going to remain soft due to the fact that the Federal Reserve as of late has adopted a loose monetary policy, we can expect the price to test support between 0.70000 and 0.68000. So I suggest you hold until you get clear sign that the price has broke the 38.20% support.
Trade closed: target reached
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